Acreage Hempco parent company names Pfizer alum new CEO

A multistate marijuana company with properties including Acreage Hempco — Acreage Holdings Inc. — has appointed Peter Caldini as chief executive officer. Caldini has experience in both healthcare and consumer packaged goods, having served as president of pharmaceutical giant Pfizer’s divisions in North America and Europe, the Middle East and Africa, as well as working […]

FTC announces first monetary sanctions for CBD medical claims, says to expect more

The U.S. Federal Trade Commission announced its first crackdown on deceptive claims in the CBD market Thursday, issuing fines and sanctions to six manufacturers accused of misleading consumers about the health benefits of the cannabis extract. FTC announces first monetary sanctions for CBD medical claims, says to expect more is a post from: Marijuana Business […]

Hemp at 1% THC wins new Senate proposal

A bill to triple the THC limit for hemp grown in the United States has been introduced by Kentucky Sen. Rand Paul. The Republican’s proposal to raise the THC dividing line between hemp and marijuana from 0.3% THC to 1% THC stands little chance of success in the abbreviated lame-duck Congress. But the suggestion reflects […]

Hemp pricing data now available on Chicago Mercantile Exchange

Hemp is another step closer to being recognized as a mainstream agricultural commodity with new pricing data being added to the Chicago Mercantile Exchange. The CME Group, a diverse derivatives marketplace that enables clients to trade futures, options, cash and over-the-counter markets including agricultural products, energy and metals, announced Tuesday that customers can access hemp […]

They raised $150 million to invest in hemp companies. But they couldn’t find the right partners, forcing a pivot.

Hemp businesses won’t benefit directly from the $150 million raised by a special-purpose acquisition company that was initially established in hopes of investing in and further developing the U.S. hemp market. But a deal was made in the spirit of aligning the industry with large manufacturers in the future, according to Geoff Whaling, president of […]

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